Inventory Accounting and Costing Techniques Online Course

  • Time

    10:00am - 3:00pm

  • End Date

    25 Apr, 2022 - 27 Apr, 2022

  • Price

    ₦175,000

Event Details

By the end of the workshop, participants will able to:

- Properly account for write-downs, write backs and impact of changes including accounting policies in financials

- Report and disclose inventory accurately by adhering to internationally recognized conventions.

- Understand inventory cost allocation techniques and cost accounting approaches.

 

CONTENT

Introduction to Inventory

- Current assets and inventory management

- Reasons for keeping inventory

- Inventory cycle from purchases to sales

- Understanding and analyzing inventory ratios

 

Accounting for Inventory

- Inventory flow from balance sheet to income statement

- Perpetual vs periodic inventory method

- Measurement after recognition

- Accounting for inventory

- Inventory cost flow assumptions

- Inventory required disclosures

- Inventory estimation techniques

 

Inventory Costing Techniques

- Cost accounting versus financial accounting

- Cost allocation techniques

- Initial recognition

 

Cost Accounting Approaches

- Standard cost accounting

- Activity-based costing (ABC)

- Life cycle accounting

- Thruput accounting

- Lean accounting

 

FOR WHOM:

Accountants, Auditors and other Financial Managers in both the Public and Private Sectors.

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

DATE:

1ST BATCH: 25th – 27th April, 2022         

2ND BATCH: 17th – 19th Oct, 2022  

Other Dates

Start Date End Date
17 Oct, 2022 19 Oct, 2022
Start Date End Date
25 Apr, 2022 27 Apr, 2022

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